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BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministers

[Jul 11, 2023 3:00 PM] G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present.

Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ BIS Tells G20

[Jul 11, 2023 3:00 AM] Central bankers, wary of displacing their own fiat currencies, pointed to the past year's prominent hacks and collapses.

Research: There could be 24 CBDCs live by 2030

[Jul 10, 2023 5:04 AM] 93% of the central banks are already conducting research on central bank digital currencies, 68% are still not ready to launch their digital money.

BIS develops framework against CBDC cyberattacks

[Jul 7, 2023 1:20 PM] The institution cited rising exploits against DeFi as a need for more secure CBDCs.

BIS, 3 central banks look at DeFi technology for wCBDC FX in interim project report

[Jun 28, 2023 2:30 PM] Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books.

Step Aside ‘Blockchain Technology’, IMF and BIS Have a New Crypto Buzzword

[Jun 26, 2023 11:19 AM]

BIS releases unified-ledger proposal for cross-border, tokenized asset transactions

[Jun 20, 2023 12:00 PM] Like the IMF’s single-ledger proposal released a day earlier, BIS’ unified ledger uses familiar concepts, such as tokenization, without the blockchain.

Unified Ledger for CBDCs, Tokenized Assets Could Enhance Global Financial System: BIS

[Jun 20, 2023 5:00 AM] “This would be a game-changer in how we think about money and how transactions take place,” said the central bank group’s Head of Research Hyun Song Shin.

Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments

[Jun 16, 2023 3:00 AM] An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown.

BIS issues comprehensive paper on offline CBDC payments

[May 11, 2023 9:30 AM] According to the Bank for International Settlements, offline payments with CBDC raise new risks related to counterfeiting, fraud and privacy concerns.

BIS, Bank of England conclude DLT settlements pilot

[Apr 19, 2023 3:59 AM] The insights of Project Meridian would be used by the Bank of England in its real-time gross settlement system.

Central Banks Successfully Test DLT in Linking Financial Settlement Systems

[Apr 19, 2023 1:30 AM] The experiment, called Project Meridian, shows it's possible to settle large synchronized transactions in central bank money, a report said.

CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs

[Apr 16, 2023 1:30 PM] During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview…

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model

[Mar 8, 2023 2:30 AM] The Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in…

BIS wraps exploration project on retail CBDC payment system

[Mar 6, 2023 10:30 AM] The bank concluded that a ‘hub-and-spoke’ model between CBDC domestic systems could “reduce settlement and counterparty risk" and complete cross-border transactions in seconds.

Crypto distribution is uneven among banks as prudential exposure rises: BIS report

[Mar 1, 2023 3:45 PM] One bank accounts for almost 62% of all crypto asset prudential exposure; almost two-thirds of banks holding crypto are in the Americas.

Bitcoin price continues to fall, but derivatives data hints at a short-term rally to $25K

[Feb 24, 2023 6:00 AM] This week regulators joined hands to highlight the crypto sector’s inherent risk, but pro traders fought back by adding leverage to their long positions.

BIS head describes ideal ‘unified ledger’ for central banks and other financial users

[Feb 22, 2023 3:33 PM] peaking in Singapore, Agustín Carstens described a ledger that would accommodate a variety of public and private projects in discrete but connectable parts.

BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning

[Feb 22, 2023 11:30 AM] According to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While speaking at the Monetary Authority…

BIS head claims fiat won battle with crypto, Bitcoin community disagrees

[Feb 22, 2023 7:33 AM] BIS General Manager Agustín Carstens reckons the war between fiat and crypto has been won by fiat. The community would tend to disagree.

Most Retail Crypto Investors Lost Money Over the Last 7 Years, According to BIS Analysis

[Feb 21, 2023 1:30 PM] According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics…

Trading on major exchanges spiked following collapse of Terra, FTX: BIS report

[Feb 20, 2023 2:27 PM] The report suggests that whales with Binance, FTX and Coinbase “probably cashed out at the expense of smaller holders” by reducing their BTC stockpiles as retail investors bought.

Many stablecoins fall short of coming regulatory recommendations, says FSB chair

[Feb 20, 2023 11:49 AM] The BIS-affiliated advisory body will release its final recommendations on global crypto asset regulation and supervision in July.

BIS-funded regulator to probe DeFi entry points like stablecoins

[Feb 16, 2023 5:49 AM] Despite providing many novel services, DeFi does not differ substantially from traditional finance in its functions, the Financial Stability Board stated.

BIS to launch stablecoin monitoring project and up focus on CBDC experiments

[Feb 7, 2023 10:34 PM] The bank for central banks is expanding its CBDC research while developing a platform to monitor stablecoin balance sheets.

BIS Economists Recommend 3 Crypto Policies for Regulators Worldwide to Adopt

[Jan 17, 2023 8:30 PM] Economists at the Bank of International Settlements (BIS) have recommended three policies regulators worldwide could adopt in order to deal with the risks posed by cryptocurrencies. “Authorities can now consider a variety of policy approaches…

BIS economists suggest improving TradFi with CBDC to attract users away from crypto

[Jan 12, 2023 1:00 PM] The latest Bank of International Settlements bulletin looks at ways to mitigate the risks of crypto assets and suggests traditional finance could get its house in better order too.

Mexican CBDC Unlikely to Be Ready by 2024

[Jan 8, 2023 5:30 AM] The Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement, representatives from Banxico, the central bank of Mexico, stated the…

Central Banks to set standards on banks’ crypto exposure - BIS

[Dec 17, 2022 10:05 AM] The new standard limits crypto reserves among banks to 2% by 2025, and goes into effect on January 1, 2025.

Bitcoin buyers drawn by rising prices, not dislike for banks: BIS report

[Nov 14, 2022 8:02 PM] The Bank for International Settlements (BIS) studied the main motives behind Bitcoin adoption by retail investors.